S4 Capital posts whopper results despite auditing delay share slump May 6, 2022 Despite the auditing delay, S4 Capital delivered better late than never results this morning, with revenue doubling to £686.6m. Sir Martin Sorrell’s brainchild posted a 44 per cent surge for in 2021 gross profit, and the number of project billings doubled to £1.3bn thanks to “whoppertunities”. The ad and marketing giant added that operational EBITDA [...]
Putin in rare apology over Russian foreign minister Sergei Lavrov’s claim Hitler had ‘Jewish blood’ May 6, 2022 Russia’s president has issued a rare apology after backtracking on his foreign minister’s claim that Adolf Hitler had “Jewish blood”. In a phone call to Israel’s prime minister Naftali Bennett, the Kremlin’s leader said sorry after fury was sparked earlier in the week. Bennett had condemned the “lies” by Russia’s Sergey Lavrov, while foreign minister [...]
‘The lazy g**s make me sick’: Lord Sugar berates PwC summer working hours as a ‘bloody joke’ May 6, 2022 Lord Alan Sugar has branded PwC’s summer working hours scheme a “bloody joke”, after the Big Four firm said it would give workers Friday afternoons off. The business leader took to Twitter in a tirade against the decision saying the “lazy gits make me sick.” “Call me old fashioned but all this work from home [...]
When gaming meets crypto: FACEIT to pay winnings in crypto following multi-million dollar partnership with Cake DeFi May 6, 2022 The London founded gaming firm FACEIT announced a multi-million dollar partnership with Cake DeFi, one of the world’s fastest growing crypto fintech platforms, which allows users to earn cash flow from their crypto.
All eyes on £598m superyacht reportedly owned by Putin which moves out of Italian port May 6, 2022 A $700m (£598m) superyacht reportedly owned by Russian president Vladimir Putin may be on the move from an Italian port for the first time in months. There was reportedly a flurry of activity this week on board the Scheherazade, a 450ft vessel which was docked in Marina di Carrara, Tuscany. According to the Telegraph, locals [...]
Explainer-in-brief: Why won’t Germany just go nuclear? May 6, 2022 Germany pushes ahead with plans to decommission all nuclear plants
Boris Becker could be deported after prison time ends May 6, 2022 Jailed former tennis star Boris Becker is likely to be deported after being released from prison. The ex world champion, 54, is serving a sentence of two-and-a-half years for hiding £2.5m worth of assets to avoid paying up on them after bankruptcy. According to the Times, a Home Office source said he is eligible for [...]
Exclusive: My mission is to make the UK love crypto, says Matt Hancock May 6, 2022 Former cabinet minister Matt Hancock has doubled down on his support for crypto and said it is his “mission” to make the British public love digital assets. Hancock, who has emerged as a fierce defender of the crypto industry since resigning as health secretary in June, told City A.M. that he wants the UK to [...]
Makeup seller Revolution Beauty’s sales soar after Boots picks up products May 6, 2022 British makeup seller Revolution Beauty Group today vowed to continue selling “quality products at affordable prices” as the firm said strong demand for “mass market beauty” led to its earnings increasing by 73 per cent year-on-year. The cosmetics firm said its UK sales increased 85 per cent over the previous year, following the successful rollout [...]
Beazley written premiums ‘ahead of expectations’ but investment losses loom May 6, 2022 Non-life insurance firm Beazley has come in ahead of expectations in its latest update, despite swelling investment losses. Gross premiums written jumped nearly a third (27 per cent) in the three months to 31 March, to $1.2bn, up from $971m a year prior. The London-listed insurance firm, however, did report spiralling losses from its investments, [...]
